Grey is a fintech platform that provides international banking services, allowing users—especially in Africa—to receive, hold, and send money in USD, GBP, and EUR. It’s a popular solution for freelancers, remote workers, and digital entrepreneurs who work with clients or platforms abroad and need access to foreign currency accounts.
In this article, you’ll learn exactly how to open a Grey bank account, what you need, and how to start using it.
What Is Grey?
Grey (formerly known as Aboki Africa) is a cross-border financial platform that helps users:
Open foreign currency accounts (USD, GBP, EUR)
Receive payments from platforms like PayPal, Upwork, and Wise
Convert and withdraw funds to your local bank account (e.g., Naira in Nigeria)
Get a virtual USD card for online payments
It’s ideal for those in Nigeria, Ghana, Kenya, and similar markets who deal with international clients or earnings.
Why Choose Grey?
Open a foreign account in minutes
Receive international payments easily
Real-time currency conversion
Low fees compared to traditional banks
Virtual USD card for online purchases
How to Open a Grey Account (Step-by-Step)
Step 1: Visit the Grey Website or Download the App
Go to https://grey.co
Alternatively, download the Grey app from the Google Play Store or Apple App Store.
Step 2: Sign Up for an Account
Click “Sign Up” and enter the following:
Full name (as on your ID)
Email address
Password
Country of residence
You’ll be asked to verify your email before proceeding.
Step 3: Complete KYC Verification
Grey requires Know Your Customer (KYC) verification to comply with financial regulations. You’ll need:
A valid government-issued ID (e.g., passport, national ID card, driver’s license)
A selfie for facial verification
Sometimes, a utility bill or bank statement for proof of address
This process usually takes less than 24 hours.
Step 4: Request Your Foreign Currency Account
Once verified, you can request a:
USD account (United States)
GBP account (United Kingdom)
EUR account (European Union)
These are real bank accounts provided through Grey’s licensed banking partners. You’ll receive account details (like account number, routing number, SWIFT code) to receive payments.
Step 5: Start Receiving and Converting Money
You can now:
Receive payments from clients, marketplaces, and platforms
Convert funds from USD/GBP/EUR to your local currency (e.g., NGN)
Withdraw directly to your local bank account
Use a virtual USD card for international purchases and subscriptions
Fees and Limits
Grey charges competitive conversion rates and low fees for transfers. There are no monthly maintenance fees. However, transaction limits may vary based on verification level and local regulations.
Is Grey Safe?
Yes. Grey partners with licensed financial institutions in each region and uses bank-grade security and encryption. Your funds are protected, and you maintain full control through the app or website.
Final Thoughts
Opening a Grey bank account is a smart move for freelancers, business owners, and remote workers in Africa who need access to foreign currencies and global payments. With fast setup, low fees, and international capabilities, it’s one of the most convenient ways to bank across borders.
